PRESS NOTICE - NEW INQUIRY: DFID AND THE WORLD BANK
DFID is channelling increasing amounts of funding through multilateral institutions. Multilaterals receive around a third of DFID’s total budget with the European Community getting the lion’s share, followed by UN agencies and the World Bank. Against a backdrop of a sharply rising budget and of efficiency targets in the civil service, the total figure for British multilateral spending on development has risen from around £1.3 billion a year in 2001–02 to nearly £2 billion a year in 2005–06. It is important therefore that such multilaterals share the same objectives as DFID.
This first phase of the Committee’s inquiry into DFID’s work with multilateral institutions will explore aid effectiveness in terms of DFID’s relationship with the World Bank. The World Bank is the world’s single largest funder of development programmes as well as an important source of knowledge and advice on how to tackle global issues such as international trade, poverty, corruption and climate change. The UK contribution to the World Bank’s International Development Association, the arm of the Bank which helps the world’s poorest countries, for 2005-08 is around £1.4 billion over the three-year period (some 13% of the total donor contribution).
The Committee invites interested organisations and individuals to submit evidence focusing on DFID’s ability to ensure that assistance delivered through the World Bank is in line with DFID’s own priorities and objectives. Contributions from developing countries are particularly welcome. -Those sibmitting evidence are invited to consider the following points: 1) The World Bank's relationship with DFID, other donors and stakeholders. 2)Policies on governance and conditionality and 3) World Bank internal governance The Committee invites written submissions from interested organisations and individuals — especially those from developing countries — by 12 October 2007. Further guidance on the submission of evidence can be found here
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